Blackstone (BX) and Apollo Global Management (APO), two of the world's largest asset managers, are considering acquiring assets of Silicon Valley Bank, Bloomberg reported on Tuesday.
Blackstone and Apollo are looking to purchase a book of loans held by Silicon Valley Bank, according to the report, which cited people with knowledge of the matter.
New York-based investment manager KKR (KKR) is also reported to be interested.
Silicon Valley Bank's assets were seized by financial regulators at the end of last week, with the Federal Deposit Insurance Corp. named as its receiver.
The tech and venture capital-focused bank fell apart last week following a $42 billion bank run after it announced plans to sell $2.24 billion in new shares. The proposed sale was meant to compensate for a $1.8 billion loss on the sale of $21 billion worth of its portfolio's securities.
Blackstone has $880 billion in assets under management, and Apollo $500 billion.
Apollo declined to comment, and neither Blackstone nor KKR responded to requests for comment.
UPDATE (March 14, 14:06 UTC): Adds that KKR is also interested and that Apollo has declined to comment.
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